YYY

YieldShares High Income ETF
CLOSING PRICECHANGE (%)VOLUME
$19.75-0.01 (-0.05%)62.67K
3:59:00 p.m. (ET) 09/21/2017
BZX EXCHANGE CLOSED
LAST TRADECHANGE (%)
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BID SIZEBID ($)ASK ($)ASK SIZE
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YYY Fund Description

The YieldShares High Income ETF tracks an index of US-listed closed-end funds, weighted by yield, discount to NAV, and trading volume. There are no restrictions on the assets or strategies of the underlying funds.

YYY FactSet Analytics Insight

YYY provides investors with yet another way to maximize yield, owning a basket of closed-end-funds. YYY tracks an index of about 30 closed-end funds, selected and weighted based on three criteria: yield, discount to NAV, and trading volume. The concept hinges on the success of buying discounted closed end funds with big yields and enough liquidity to minimize trading costs within the basket. YYY can hold closed-end funds focused on any of the major asset classes, resetting the weight to a maximum of 4.25% each at rebalance. The fund competes directly with PCEF and a 2x version of its own index, CEFL. YYY’s fee includes the expense of its constituent funds, and it's surprisingly reasonable for CEFs. It's not a huge fund, but it's showing steady growth in AUM and closure risk is low. Trading volumes are decent, but the spreads can vary wildly. A footnote: YYY launched in June 2013 by grafting itself onto a moribund ETF—SNDS—that had a completely different strategy, so any performance history prior to that date is unrelated.

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TOP OF BOOK
SHARES/SIZEPRICE
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LAST 10 TRADES
TIMEPRICESHARES
15:28:1419.77100
11:07:1219.78100
09:57:3919.78100
09:32:0119.80100
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Bats BZX Real-time Quote - 17:41:55
Daily Spread
Premium/Discount
Volume

YYY FactSet Analytics Block Liquidity

As of 09/21/17
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of YYY. YYY is rated a 2 out of 5.

YYY Summary Data

06/21/13
Open-Ended Fund
1.72%
$198.3 M

YYY Portfolio Data

8.65%
09/26/17

YYY Index Data

ISE High Income Index
Multi-Factor
Multi-Factor
N/A

YYY Fund Structure

No
No
0%% / 100%
N/A
N/A
Low
N/A
N/A

YYY Tax Exposures

20.00% / 39.60%
0.03%
No

YYY Tradability

68,444
$1.35 M
62,768
$1.23 M
0.09%
0.05%
0.43% / -0.31%
None
50,000
1.26
0.05%
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$19.76
2